Ccc Intelligent Solutions Hld Stock Price, News & Analysis

Clarivate Plc (NYSE: CCC) announced a change of its ticker symbol to CLVT, effective February 1, 2021. This decision aims to enhance visibility among public investors and stakeholders, aligning the stock symbol with the company's name. CEO Jerre Stead highlighted the company's transformation and growth since its public listing in May 2019. Current stockholders do not need to take any action regarding this change, and the common stock will continue to trade on the NYSE with an unchanged CUSIP (G21810109).

Clarivate Plc (NYSE: CCC) has enhanced its Cortellis CMC Intelligence platform by adding comprehensive biologic CMC regulations and features. This update aims to expedite drug development, particularly vital during the COVID-19 pandemic. The platform now supports over 60 countries and helps pharmaceutical companies streamline their CMC regulatory submissions, minimizing delays and rejections due to incomplete data. Studies indicate that 50% of drugs from 2009-2012 faced rejections largely due to CMC issues, highlighting the importance of this enhancement for efficient drug approval processes.

Clarivate Plc (NYSE: CCC) has announced that Karen G. Mills, a board member, will step down to pursue other endeavors. Following her departure, the board will consist of 11 members. Executive Chairman and CEO Jerre Stead expressed gratitude for Mills' contributions since the company went public in May 2019, noting her guidance has significantly aided in the company's growth. Mills acknowledged the importance of big data and artificial intelligence in shaping Clarivate's innovative future.

Clarivate Plc (NYSE: CCC) announced its financial results for the fourth quarter and full year 2020 will be released before the market opens on February 25, 2021. The press release and earnings supplement will be available on the company’s investor website. A conference call will follow at 8:00 AM Eastern Time on the same day to discuss the results, which can be accessed via webcast or by phone. Replay options will be available shortly after the call.

Clarivate Plc (NYSE:CCC) released a report detailing the dynamics of innovation in the global alcoholic beverage sector. Key findings highlight Mainland China's dominance in trademark applications and innovation, outpacing the rest of the world. Despite pandemic-related declines in on-premise sales, the overall market for alcoholic beverages is projected to grow from $515 billion to $528 billion by year-end 2020, fueled by online sales and a boom in craft drinks. The report emphasizes changing consumer preferences, with craft beer and gin gaining popularity.

Clarivate Plc (NYSE: CCC) announced that Executive Chairman Jerre Stead and CFO Richard Hanks will present at the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 2:00 PM Eastern Time. A live webcast will be accessible via the Investor Relations section of their website, with a replay available for 30 days afterward. Clarivate focuses on providing information and insights to expedite innovation across science and intellectual property domains.

Clarivate Plc (NYSE:CCC) has launched a new colleague retention program that awards restricted share units (RSUs) based on its Customer Delight survey score. This initiative, which aligns employee rewards with customer satisfaction, aims to enhance employee engagement and retention. The program will provide nearly 5,000 full-time colleagues with a $2,000 RSU grant globally. CEO Jerre Stead emphasized that this strategy connects customer and colleague success, fostering long-term value for both the company and its employees.

Clarivate Plc (NYSE:CCC) has announced its acquisition of South Korean Hanlim IPS Co., enhancing its intellectual property solutions and innovation capabilities. The collaboration will cater to the growing demand for PCT filings in South Korea, which rose by 12.8% from 2018 to 2019. This strategic move aims to provide a comprehensive suite of IP solutions and local customer support tailored for the APAC market. Leadership from both companies expressed confidence that this merger will accelerate innovation and broaden market reach.

Clarivate Plc (NYSE: CCC) has announced its 2021 Adjusted diluted EPS outlook, projecting a range of $0.73 to $0.79. This update follows the company's previous outlook shared on November 10, 2020, during its Virtual Investor Day, where it did not include Adjusted EPS due to ongoing evaluations regarding the tax impact from the CPA Global acquisition.